Wedge breakout measured move complete, about to hit June 2014 Resistance. I do not believe $650 will be broken in the short term.
If momentum lost, could see retrace to $560.
Possible wedge with resistance at 1.68. if broken, based on recent moves could reach 1.7, also a psychological barrier. It usually comes back down and tests the resistance levels, hence the retracement. This coincides with a rough channel pattern.
Then the measured move from the wedge is 1.73 which could be a possibility if it breaks 1.7 and we have lots of hype...
Price is forming a wedge, and volume is low. Wait for confirmation of breakout - likely on high volume, and chase it - should be a big move.
Initial targets of 1200 or 500.
Would like to see it crash lower, I don't know how these price levels are still supported.
